The Copenhagen-based Dkr140bn (€18.78bn) PFA, one of the largest pension funds in Denmark, is setting up a pension fund for white collar workers in Greenland.

The fund is set to be operational from July 1 and will have an office in Nuuk, the main city of Greenland. PFA will put in Dkr8m and its Greenland partners will contribute another Dkr4m.